MakeInIndia focuses on following 25 sectors of the economy #Hindustan360

#Hindustan360

Why, Make In India, PM Narendra Modi said, it’s time to take flight. We are on the benchmark of Production and Consumption. India is developing and expanding strongly. Today, India’s credibility is stronger than ever. There is visible momentum, energy and optimism. Make in India is opening investment doors. Multiple enterprises are adopting its mantra. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.

Make in India Vision

In a short space of time, the obsolete and obstructive frameworks of the past have been dismantled and replaced with a transparent and user-friendly system that is helping drive investment, foster innovation, develop skills, protect IP and build best-in-class manufacturing infrastructure. The most striking indicator of progress is the unprecedented opening up of key sectors – including Railways, Defence, Insurance and Medical Devices – to dramatically higher levels of Foreign Direct Investment.

The ministry has engaged with the World Bank group to identify areas of improvement in line with World Bank’s ‘doing business’ methodology. A 2 day workshop and several follow up meetings were held to formulate framework which could boost India’s ranking which is currently 142 in terms of Ease of doing business.

Story of the time

A workshop titled “Make in India – Sectorial perspective & initiatives” was conducted on 29th December, 2014 under which an action plan for 1 year and 3 years has been prepared to boost investments in 25 sectors.

  • Automobiles
  • Automobile Components
  • Aviation
  • Biotechnology
  • Chemicals
  • Construction
  • Defence manufacturing
  • Electrical Machinery
  • Electronic systems
  • Food Processing
  • Information Technology and Business process management
  • Leather
  • Media and Entertainment
  • Mining
  • Oil and Gas
  • Pharmaceuticals
  • Ports and Shipping
  • Railways
  • Renewable Energy
  • Roads and Highways
  • Space
  • Textiles and Garments
  • Thermal Power
  • Tourism and Hospitality
  • Wellness